Yachts Are For More Than Lounging

Yachts — the mere word connotes luxury and easy living. They are a symbol of wealth second only to private jets. But a new generation of younger buy yacht dubai owners is disrupting travel on the high seas. The changes are affecting how yachts are built and chartered, where they go and what crews are expected to do. Sitting on a 150-foot yacht in the Mediterranean is nice, but some think taking a superyacht to the North Pole is more adventurous.

At the same time, spending $100 million on a yacht and taking off to parts unknown is not as easy as some newly rich entrepreneurs may believe. Insurance companies might balk. If owners are unaware of the importance of where their boat is registered, the yacht may sail under less stringent maritime requirements that could cause problems later. And if the crew is not properly selected and managed, the owner may wind up with legal and human resources claims.

Let’s start with some basics on superyachts. They are usually more than 200 feet long and loaded with amenities. The must-have feature is a beach club, an opening at the back of the boat where watercraft and toys can be launched, or people can lounge by a pool bar with a view of the water.But the old way of relaxing on a yacht — lounging in the Mediterranean in the summer and the Caribbean in the winter — is changing, and that has had several consequences.